The Supreme Court has been busy the last couple of weeks. In addition to issuing several decisions it granted a writ of certiorari for a case that will determine how penalties apply for non-willful violations of foreign account compliance reporting. But in late May it handed taxpayers with certain types of collections actions before the
Taxes
Share to Facebook Share to Twitter Share to Linkedin Rising interest rates are setting the stage for several crises around the world. This segment of What’s Ahead lays out why there’s a really big one brewing with the Japanese yen. For years Japan has been defying economic laws of gravity: a stagnant economy, government spending
Now that McDonald’s has agreed to pay France a blockbuster €1.25 billion in back taxes and fines, labor unions are calling the settlement a success for union activism in the corporate tax space. The story dates back to 2015, when a coalition of European and U.S. labor organizations (the European Federation of Public Service Unions;
On June 21, 2022 the Supreme Court of the U.S. (SCOTUS) granted a writ of certiorari in the case of Bittner v. United States. The case is expected to settle, once and for all, whether penalties for not filing an annual Report of Foreign Bank and Financial Accounts (FBAR) apply per form or per account.
Share to Facebook Share to Twitter Share to Linkedin Is too much inflation crushing your summer vacation plans? President Joe Biden has a holiday for you — at the gas pump. Biden is set to request from Congress a three-month, emergency relaxation of the federal tax on gasoline. By removing that tax of 18.4 cents